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Old 03-07-2018, 07:59 PM   #61
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From what I gather, the reason for the steel tariffs is that China has been dumping steel into Canada and using NAFTA to get it into the US and bypass regulations that prevented them from dumping it straight into the US to begin with.
The US domestic steel industry produces 72.5% of the steel we use. Our imports from Canada are 16% of the other 27.5%, or 4.4%. How much of that is proven Chinese dumping? Is it even worth the effort to stop? Don't we have bigger fish to fry than stopping people who are maliciously subsidizing our domestic production of goods?
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Old 03-08-2018, 12:37 PM   #62
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Old 03-08-2018, 12:48 PM   #63
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Courtesy of Being Libertarian on Facebook...

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Old 03-08-2018, 12:52 PM   #64
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TRUMP SAYS HE STILL LIKES ECONOMIC ADVISER GARY COHN, HE MIGHT COME BACK TO WHITE HOUSE
And the administration is waffling on the tariffs that Cohn opposed. Yesterday a possible "carve-out" of Canada and Mexico was announced.

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CBS News @CBSNews The White House says if Pres. Trump imposes tariffs on imported steel and aluminum, they “may not” apply to U.S. allies. @POTUS is expected to announce new policy as soon as today, even though a growing number of Republicans are urging him to reconsider http://cbsn.ws/2oWPQTg
5:16 AM - Mar 8, 2018
And now an announcement about the tariffs planned for today has been delayed.

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TODAY @TODAYshow
A senior administration official tells @NBCNews that President Trump’s announcement of a plan to impose new tariffs has been delayed
5:15 AM - Mar 8, 2018
Let's slow down here before we do something rational.

https://hotair.com/archives/2018/03/...canada-mexico/
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Old 03-08-2018, 12:56 PM   #65
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Old 03-08-2018, 01:15 PM   #66
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Haha good one Mike!

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Old 03-08-2018, 01:27 PM   #67
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Quote:
Originally Posted by Clocker View Post
The US domestic steel industry produces 72.5% of the steel we use. Our imports from Canada are 16% of the other 27.5%, or 4.4%. How much of that is proven Chinese dumping? Is it even worth the effort to stop? Don't we have bigger fish to fry than stopping people who are maliciously subsidizing our domestic production of goods?
I don't know the answer. Cheating is never going to be for large amounts, but it can impact prices for an entire industry. In a commodity business you can only be as smart as your dumbest competitor (or in this case the smartest cheater)
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Old 03-08-2018, 01:47 PM   #68
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Trump says Cohn can come back as long as he behaves and doesn't criticize The Donald about his pet projects, like tariffs.

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The president said Cohn might have to come back in a different role, because “he’s not quite as strong on those tariffs as we want.”
http://thehill.com/homenews/administ...he-white-house
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Old 03-08-2018, 02:14 PM   #69
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To repeat an old saying, insanity is repeating the same action while expecting a different outcome.

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The question remains, however, will the new tariffs help decrease the trade deficit? Probably not. So-called trade remedies, like tariffs and duties, seemingly haven’t slowed down imports of steel. Consider, the Commerce report notes that as of February 15, the United States already had 169 antidumping and countervailing duty orders in place on steel, with 25 ongoing investigations.

The proposed Trump tariffs would be applied to all, on top of what is already in place, which from a national security point of view—i.e., the reason for these new tariffs—paints a confusing picture. For example, Russia has an antidumping and a countervailing duty imposed on its exports. That’s a total of two trade sanctions, which compares with 18 for South Korea and 12 for Taiwan and Japan. Appropriately, however, China is facing 29 sanctions, the most of any exporter.

Prior significant actions to address steel imports using quotas and/or tariffs were taken under various statutory authorities by President George W. Bush, President William J. Clinton (three times), President George H. W. Bush, President Ronald W. Reagan (three times), President James E. Carter (twice), and President Richard M. Nixon, all at lower levels of import penetration than the present level, which is greater than 30 percent.
http://www.weeklystandard.com/trumps...rticle/2011844
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Old 03-08-2018, 02:55 PM   #70
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Yet NO ONE recognizes this is who they are up against if they opposes him.
Unlike any other in modern day history.
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Old 03-08-2018, 03:43 PM   #71
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Yet NO ONE recognizes this is who they are up against if they opposes him.
Unlike any other in modern day history.


Mr. "I love Hispanics"





You guys are morons...
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Old 03-08-2018, 03:49 PM   #72
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It is true that Presidents pick winners and losers.

A year from now things will not change as to what column you guys fall into.
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Old 03-08-2018, 03:55 PM   #73
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It is true that Presidents pick winners and losers.
And the winners are always his cronies and the losers are always the consumers.

Winners of the week look like Big Steel.
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Old 03-08-2018, 03:57 PM   #74
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You guys are morons...
Oh look..now you're one with mostpost and hcap...that's cool.

Love it when folks hurl the big general insult bomb at everyone...

Guess I should have called you a moron after Trump won.
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Old 03-08-2018, 04:03 PM   #75
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Oh look..now you're one with mostpost and hcap...that's cool.

Love it when folks hurl the big general insult bomb at everyone...

Guess I should have called you a moron after Trump won.
You could have... I took way worse around these parts.

Since then, with all the stuff I said way back... I kinda feel like a prophet.
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